Corona Twins Condominium
112-31 38th Avenue, Queens, NY 11368
Overview
- Units
- 17 residential
- Subway
- 5 min walk to 111 St 7Mets-Willets Point 7, 11 min
- Principals
- Azharul Islam, Mirza M. Rahman, Mohammad Uddin
- Average $/sf
- $442Homes in Schedule A, as first offered
- Common charges
- $140–$262 a monthSponsor's first-year estimate in Schedule A, For the Period from January 1, 2009 to December 31, 2009
- Offering price
- $4.88 million total
- Floor plans
- Page 29 of the plan
The sponsor of record is American Trading Co., LLC, represented by Thomas E. Berinato, Attorney At Law. The offering plan runs 288 pages. The sponsor has filed 2 amendments, the latest in July 2009. The nearest other condo plan on file is Aftab Platinum Condominium, next door.
Plan CD080446 · New · accepted Mar 19, 2009 · AG record ↗
Compare
| Figure | This building1 | Wenzhou Tower215 units · 0.4 miaccepted 2009 | Beacon Tower316 units · 1.6 miaccepted 2009 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.28In line | $0.22 | $0.40 |
| Average Offering PricePer Apartment | $276,471Below peers | $322,333 | $453,750 |
| Average PricePer Square Foot | $442In line | $427 | $602 |
| Property TaxesPer Square Foot / Month | $0.05Highest | $0.02 | $0.01 |
| Average Unit SizeSquare Feet | 626 SFSmallest | 755 SF | 754 SF |
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Unit mix, closings, budgets, finishes and the team, against Wenzhou Tower and Beacon Tower, cited to the offering plans. No credit card required.
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- Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 17 of 17 |
| Closing prices vs. Schedule A17 homes: $3,993,639 at closing against $4,700,000 in Schedule A (p. 28) | −15% |
| Average closing price17 homes, on their Schedule A square feet | $375 / SF |
| Closingsfirst and latest recorded | Sep 16, 2009 – May 28, 2010 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 17 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3D | Sep 16, 2009 | $278,850 | $275,000 p. 28 | +1.4% |
| 3B | Sep 25, 2009 | $206,856 | $275,000 p. 28 | −24.8% |
| 3A | Sep 28, 2009 | $182,520 | $275,000 p. 28 | −33.6% |
| 4B | Oct 2, 2009 | $187,590 | $275,000 p. 28 | −31.8% |
| 4A | Oct 16, 2009 | $204,828 | $275,000 p. 28 | −25.5% |
| 4C | Oct 20, 2009 | $283,920 | $285,000 p. 28 | −0.4% |
| 5C | Nov 25, 2009 | $263,640 | $350,000 p. 28 | −24.7% |
| 2B | Nov 30, 2009 | $182,520 | $250,000 p. 28 | −27% |
| 1A | Dec 3, 2009 | $253,500 | $250,000 p. 28 | +1.4% |
| 5A | Dec 8, 2009 | $212,940 | $290,000 p. 28 | −26.6% |
| 2A | Dec 16, 2009 | $182,520 | $250,000 p. 28 | −27% |
| 4D | Jan 7, 2010 | $258,570 | $285,000 p. 28 | −9.3% |
| 2C | Jan 11, 2010 | $256,035 | $275,000 p. 28 | −6.9% |
| 2D | Feb 22, 2010 | $273,780 | $275,000 p. 28 | −0.4% |
| 5B | Mar 5, 2010 | $248,430 | $290,000 p. 28 | −14.3% |
| 3C | Mar 26, 2010 | $263,640 | $275,000 p. 28 | −4.1% |
| 1B | May 28, 2010 | $253,500 | $250,000 p. 28 | +1.4% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- American Trading Co., LLC
- Principals
- Azharul Islam, Mirza M. Rahman, Mohammad Uddin
- Tax estimate
- Louis PescatorePrepared the first-year real estate tax projection
- Construction lender
- Amerasia BankLender on the mortgage and building loan agreement recorded February 2006 in ACRIS; $3.75 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Aftab Platinum Condominiumnext door · 17 units · 7 parking · 2012
- 112-32 38th Avenue Condominiumnext door · 8 units · 2010
- Shea Condominiumnext door · 8 units · 2006
- 112-19 39th Avenue Condominiumnext door · 8 units · 2010
- Tianfu Condominiumnext door · 36 units · 23 parking · 2015
- Flushing Meadows Condominiumnext door · 8 units · 2008